Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Redknapp faces 'bung' charges
AP, January 24th, 2012 1:04PM

MOST READ

MOST COMMENTED

Tottenham manager Harry Redknapp appeared in a London court Tuesday to stand trial in a case accusing him of concealing a foreign bank account from British tax authorities while manager of Portsmouth. According to prosecutor John Black, Redknapp claimed not to know how $295,000 made in two payments from Portsmouth arrived in his Monaco bank account, despite him flying to the principality in 2002 to open the account. Black contends each payment was an “off-record bonus” or “bung,” a British term used to mean a bribe. Former Portsmouth owner Milan Mandaric is accused of making the payments during the first of Redknapp's two stints with the club (2002-04 and 2005-08).

Redknapp denied taking a “bung” in a Feb. 2009 conversation with a journalist, according to a transcript read to London’s Southwark Crown Court on the second day of the trial. “It’s nothing to do with a bung -- it’s paid by the chairman,” Redknapp told a reporter with the now-defunct News of the World. "If it was something dodgy I would have gone over there and brought it back in a brief case."

The court heard Monday that Redknapp did not mention the account’s existence during an investigation by Britain’s tax authority over his transfer dealings at West Ham, which he managed between 1994 and 2001. A 300,000-pound bonus Redknapp received from the sale of now-Manchester United defender Rio Ferdinand to Leeds from West Ham prompted that investigation. In November of 2007, while manager of Portsmouth, Redknapp was arrested, and existence of the account in Monaco came to light the following year.

Charges in the current case are that Mandaric paid $145,000 into Redknapp’s Monaco bank account in May 2002, prompted by Peter Crouch’s sale from Portsmouth to Aston Villa, and another $150,000 two years later to avoid paying income tax and national insurance. Mandaric is currently chairman of Division One (third division) club Sheffield Wednesday. Both men have denied the charges.

 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Brandao Faces One-Month Suspension for Head-Butt     
Bastia striker Brandao has been provisionally suspended until Sept. 18 by Ligue 1's disciplinary committee and ...
QPR Adds Two World Cup Players     
Queen Park Rangers on Friday confirmed the signing of Chile forward Eduardo Vargas on a season-long ...
Neymar Suffers Ankle Sprain    
Barcelona forward Neymar has picked up an ankle sprain in training and will be out of ...
Conte: 'We're Counting on' Rossi     
Antonio Conte said he is "counting on" New Jersey native Giuseppe Rossi as he draws up ...
Balotelli-Liverpool Talks Continue    
Mario Balotelli has arrived in Liverpool for a medical ahead of his expected 16 million pound ...
Report: Top Clubs Opening US Academies     
The AP reports that South American and European soccer powerhouses are opening full-time soccer academies across ...
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
>> Section 2 Around the Net Archives